THE FIRST Indian company to list on the London stockmarket made a disappointing debut yesterday, with shares in the mining group Vedanta Resources falling 5 per cent below their issue price. Traders blamed the company, headed by the Indian entrepreneur […]

THE Financial Services Authority is beefing up its inquiry into whether the City has been infected with the abuses that have undermined the US fund management industry. Chief executives of top UK unit trust groups have been summoned to a […]

ARBITRAGE TRADERS had a busy time of it yesterday as news broke that BMW is about to launch a bond that converts into its 10 per cent stake in Rolls-Royce. Shares in the aerospace giant plummeted4.75p to 177.75p as traders […]

Federal regulators accused a Dallas investment adviser and three executives of deceiving hundreds of mutual fund companies to help its customers engage in trading irregularities. One day after proposing new rules to help prevent mutual fund trading abuse, the Securities […]

Dec. 5–Mutual fund shareholders pulled nearly $2 billion out of Strong Capital Management Inc. in November, suggesting an increase in the rate at which assets are leaving the firm. Strong, which manages about $40 billion of investor money, had net […]

Dec. 5–Mutuals.com Inc., a Dallas investment adviser, helped its clients engage in improper trading with hundreds of mutual funds, the Securities and Exchange Commission alleged in a civil fraudcomplaint filed Thursday. The company helped some of its larger institutional clients […]

Two former Prudential Securities office managers admit that some brokers they oversaw in Boston used market-timing trades to reap profits from mutual funds, but they also claimed in formal responsesto regulatory charges that the trading had been authorized by top […]

NEW YORK–(BUSINESS WIRE)–Dec. 5, 2003–The Bear Stearns Companies Inc. (NYSE: BSC) plans to announce its fiscal year and fourth quarter 2003 financial results on Wednesday, December 17, 2003, in apress release that will be issued prior to the opening of […]

Dec. 5–A Dallas brokerage, Mutuals.com, was accused by the Securities and Exchange Commission of defrauding investors and mutual funds with illegal after-hours trading and market timing. The SEC’s suit, filed Thursday in U.S. District Court in Dallas, is the first […]

Colt Telecom has sublet its internet data centre in Dublin to the search engine Google in a move that should provide it with a much needed cash injection. The deal, which has not yet been officially announced by either firm, […]

$2 billion pulled from Strong in November Withdrawal rate rises as scandal continues By KATHLEEN GALLAGHER [email protected], Journal Sentinel Friday, December 5, 2003 Mutual fund shareholders pulled nearly $2 billion out of Strong Capital Management Inc. in November, suggesting an […]

CHICAGO, Dec. 4, 2003 (PRIMEZONE) — Ibbotson Associates, a leading provider of investment tools and knowledge, today announced that its 2004 asset allocation conference will be held January 22-23 atthe Orlando World Center Marriott Resort and Convention Center. The company […]